Fidelity Disruptive Communications ETF (NASDAQ:FDCF) Sees Significant Increase in Short Interest

Fidelity Disruptive Communications ETF (NASDAQ:FDCF) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 32,400 shares, an increase of 16.1% from the October 15th total of 27,900 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is presently 5.8 days.

Fidelity Disruptive Communications ETF Price Performance

Fidelity Disruptive Communications ETF stock opened at $37.66 on Monday. The firm has a market cap of $52.72 million, a price-to-earnings ratio of 30.80 and a beta of 1.41. The firm has a fifty day moving average price of $37.08 and a two-hundred day moving average price of $35.38. Fidelity Disruptive Communications ETF has a fifty-two week low of $26.77 and a fifty-two week high of $40.56.

Institutional Trading of Fidelity Disruptive Communications ETF

An institutional investor recently bought a new position in Fidelity Disruptive Communications ETF stock. Cape Investment Advisory Inc. purchased a new stake in shares of Fidelity Disruptive Communications ETF (NASDAQ:FDCF) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 890 shares of the company’s stock, valued at approximately $28,000. Cape Investment Advisory Inc. owned 0.06% of Fidelity Disruptive Communications ETF as of its most recent SEC filing.

Fidelity Disruptive Communications ETF Company Profile

The Fidelity Disruptive Communications ETF (FDCF) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in companies tied with disruptive technologies in communications services. The fund invests in securities of domestic and foreign issuers FDCF was launched on Apr 16, 2020 and is managed by Fidelity.